Fiserv, Inc. (NYSE:FI) Stock Position Decreased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lessened its position in Fiserv, Inc. (NYSE:FI) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 168,430 shares of the business services provider’s stock after selling 11,258 shares during the quarter. Fiserv comprises 1.1% of Dana Investment Advisors Inc.’s holdings, making the stock its 9th largest position. Dana Investment Advisors Inc.’s holdings in Fiserv were worth $34,599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FI. Valley National Advisers Inc. purchased a new position in Fiserv during the fourth quarter worth approximately $29,000. Marshall Investment Management LLC purchased a new position in Fiserv during the fourth quarter worth approximately $29,000. Compass Financial Services Inc purchased a new position in Fiserv during the fourth quarter worth approximately $31,000. Kennebec Savings Bank purchased a new position in Fiserv during the third quarter worth approximately $40,000. Finally, Friedenthal Financial purchased a new position in Fiserv during the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. KeyCorp lifted their price objective on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup lifted their price objective on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their target price on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Susquehanna raised their target price on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research note on Monday, February 10th. Finally, Compass Point assumed coverage on Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price for the company. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $239.83.

Fiserv Trading Up 1.0 %

NYSE:FI opened at $226.07 on Thursday. The firm has a market cap of $126.89 billion, a PE ratio of 41.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The stock has a fifty day moving average price of $217.92 and a 200 day moving average price of $202.41. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $238.59. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has initiated a share buyback program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.75% of the stock is currently owned by company insiders.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.